Alpari UK announcement

Just received today, Fri Nov 3 2006

" Alpari (UK) Limited ( http://www.alpari.co.uk ) is happy to announce that from 1st November 2006 it has started opening live accounts.

Alpari (UK) Limited is authorised and regulated by the Financial Services Authority (FSA Register number 448002).

We expect that most customers outside Russia will choose Alpari (UK) as it operates in a regulated environment. Therefore we have decided to redirect traffic from www.alpari-idc.com to Alpari (UK)’s website. This domain will become a mirror of Alpari (UK)’s website ( www.alpari.co.uk ) from 7th November 2006.

From 7th November 2006 the English version of the website of Alpari IDC Corp. will be available at http://www.alpari-idc.ru/en/.


Customer Services Alpari IDC Corp."

Just a few words of warning: Alpari Russia is widely known here as a bucketshop which likes to tickle with quotes against its clients. I don't know if Alpari UK is going to follow the same practice, but be just aware. Also let me warn about the possibility to adjust quotes PERSONALLY for each client in MetaTrader software.

I first discovered Alpari in the US and opened a trial account without funding. So far it seems to be working out. Now I am aware the base for the company is in England. My question is whether it would be wiser to go with a live account with the British office? The US since 911 is so suspicious of everything a person would do that any non-US citizen needs to consider getting as far away from them as possible.

mepbih said:

I first discovered Alpari in the US and opened a trial account without funding. So far it seems to be working out. Now I am aware the base for the company is in England. My question is whether it would be wiser to go with a live account with the British office? The US since 911 is so suspicious of everything a person would do that any non-US citizen needs to consider getting as far away from them as possible.

Click to expand...

Quite an old thread....

I use Alpari and haven't had cause for concern as of yet. The opinion of them generally is that they are a bucketshop, but that they are honest about it. I trade long term momentum trades, and have had no problem whatsoever with execution, requoting etc - although I am told there are account sizes beyond which this may happen.

Gumping said:

Quite an old thread....

I use Alpari and haven't had cause for concern as of yet. The opinion of them generally is that they are a bucketshop, but that they are honest about it. I trade long term momentum trades, and have had no problem whatsoever with execution, requoting etc - although I am told there are account sizes beyond which this may happen.

Click to expand...

Thats due to the fact that there is an Alpari UK and an Alpari US
Both regulated one by FSA and one by NFA

Gumping said:

Quite an old thread....

I use Alpari and haven't had cause for concern as of yet. The opinion of them generally is that they are a bucketshop, but that they are honest about it. I trade long term momentum trades, and have had no problem whatsoever with execution, requoting etc - although I am told there are account sizes beyond which this may happen.

Click to expand...

really? they seem to be one of the best, most honest :|

Changes to the MetaTrader Clock Settings



Dear Client,

Due to overwhelming client demand we will be making changes to the MetaTrader clock settings that will give you an extra hour to trade each week.

What is happening?

The MetaTrader clock on your platform will be switching from Central European Time (CET, GMT+2) to Eastern European Time (EET, GMT+3). The change will take effect at 0:00 EET Monday, 2 April 2012 (21:00 GMT, 22:00 BST Sunday).

What does this mean for you?

This small change will bring Alpari (UK) trading times into line with more markets for more clients. The greatest effect of this change will be at the weekly opening of the markets. You'll now have an extra hour to place stops and limits or to adjust a position in response to any major market movements in the first hour of trading.

If you use an Expert Advisor (EA) which requires the GMT offset to be manually input, please ensure that this is adjusted to GMT+3 to reflect this change before the markets open.

We suggest on the first week this takes effect you pay special attention to your closing positions on Friday, 30 March and opening positions Sunday, 1 April 2012.

If you have any questions please don’t hesitate to contact your Client Services Team on +44 (0)20 7426 2900 or [email protected].

Kind regards,

Alex

________
Alexander Chadwick
Alpari (UK) Representative


Alpari (UK) Limited is authorised and regulated in the UK by the Financial Services Authority. FSA Register number is 448002. Registered Office: 201 Bishopsgate, London, EC2M 3AB. Registered in England; number 5284142.

I've heard that Alpari gives a lot of requotes, especially during news announcements. Is this true?

Pnty said:

I've heard that Alpari gives a lot of requotes, especially during news announcements. Is this true?

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Hi Pnty,

If you are trading with the momentum of the market, and therefore by definition in the direction of least liquidity, then requotes are an inescapable fact of life that everyone has to deal with, from the busiest InterBank desks to the smallest retail trader.

The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all.

Alex

________
Alexander Chadwick
Alpari (UK) Representative

Changes to trading times for Friday 6th April & Monday 9th April – Easter Holidays

Please be aware that due to the forthcoming Easter Holiday trading times for our Equity, Commodity & Index (CFD) products will be affected. All FX products excluding Gold & Silver Spot will trade normal hours on Friday 6th and Monday 9th. Precious Metal trading will be closed on Friday 6th but will open for normal trading on Monday 9th.

Commodity & Index trading times for Friday 6th April & Monday 9th April are listed below:
Opening Closing times


Kind regards,

Alex

________
Alexander Chadwick
Alpari (UK) Representative

Alpari (UK) launches live MetaTrader 5 platform

Alpari (UK) launches the live MetaTrader 5 (MT5) platform with market depth and one-click trading. Traders can choose from 34 currency pairs plus spot gold and silver. MT5 is a completely new trading software designed by MetaQuotes Corp. and not an upgrade of the MetaTrader 4 platform.

The key benefits of MT5 trading with Alpari (UK) include:

* Non-dealing desk (NDD) execution with access to multiple liquidity providers (bank liquidity)
* Direct market access (DMA) and market depth to analyse market liquidity
* One-click trading and no re-quotes for speed of execution
* Spreads from 0 pips and up to 1:500 leverage
* New order types and advanced order expiration types including “fill or kill”

Alpari (UK) offers MT5 on the new ECN account that requires a minimum deposit of just USD200. For trades opened and closed by 1 July 2012, Alpari (UK) will charge no commission. From 2 July 2012 commission charges will apply.

With MT5 traders can apply their Expert Advisor (EA) strategies in a highly efficient way. EAs are mechanical systems that allow traders to fully automate their trading processes and analytical activities to execute trades more efficiently.

The new MetaTrader 5 Strategy Tester enables traders to test and optimise EA strategies in minutes rather than hours. In order to optimise EAs, traders use historical data to find out how well a particular EA strategy would have performed in the past. This is the so-called backtesting. Many tests and strategy modifications are necessary before an EA is ready to be applied to a Live account. The Strategy Tester gives traders access to a remote computer cluster and the calculation capacity of thousands of computers all over the world to accelerate the optimisation process.

MT5 Market gives traders access to apps for the MT5 Terminal, for example technical indicators, EAs, control panels and analysis systems.

Find out more about the new ECN account, take a look at the FAQs and download MT5 to get all these benefits.


Alex

________
Alexander Chadwick
Alpari (UK) Representative

It's good to see that Alpari are going to MT5. I wonder whether they are, also, going to change the way in which they treat their clients.

A friend and I opened two accounts with them. One Classic and the other Micro, with a view to opening a substantial Pro account. During the period that we had these accounts, we suffered "trade context busy" error codes, constant requotes and a 50 pip slippage on a perfect hedge trade. We closed both of these accounts within a couple of weeks, as we felt that we were being ripped off.

As a result of our experience of Alpari's business practise, the Pro account was opened elsewhere. Alpari, if you read this, do you think that conducting your business in this way, i.e trading against small sized accounts, is to your benefit in the long term? Since we closed our accounts with you, we have made trades in excess of £10 million with another broker. As the old saying goes, "penny wise - pound foolish"

The thick skin people must have to represent a broker in online communities.

Between valid claims/concerns, fake fear spreading, and just people having fun being anonymous, there sure is no end to the flack they take.

I personally haven't ever traded with Alpari, since I found some of their business practices and marketing to be concerning.. not bad, just concerning.. so I went elsewhere. Maybe I'm too cautious and missed out, or maybe the caution is well founded.

Jack_Larkin said:

The thick skin people must have to represent a broker in online communities.

Between valid claims/concerns, fake fear spreading, and just people having fun being anonymous, there sure is no end to the flack they take.

I personally haven't ever traded with Alpari, since I found some of their business practices and marketing to be concerning.. not bad, just concerning.. so I went elsewhere. Maybe I'm too cautious and missed out, or maybe the caution is well founded.

Click to expand...

You made the right decision:smart:

I am looking for a new spread bet firm , I got a demo from Alpari
what a mess 50 pts spread on gbp /usd its a joke they rand me up, and when i asked why where was a 50 pt spread , they said just knock off the last digit and that make it 5 pt spread and when i point out the that was redicules , they said they had plenty of customers , so I am still looking

hornblower said:

I am looking for a new spread bet firm , I got a demo from Alpari
what a mess 50 pts spread on gbp /usd its a joke they rand me up, and when i asked why where was a 50 pt spread , they said just knock off the last digit and that make it 5 pt spread and when i point out the that was redicules , they said they had plenty of customers , so I am still looking

Click to expand...

u certain they said that? it wouldnt be very business like of them to talk in that fashion

hornblower said:

I am looking for a new spread bet firm , I got a demo from Alpari
what a mess 50 pts spread on gbp /usd its a joke they rand me up, and when i asked why where was a 50 pt spread , they said just knock off the last digit and that make it 5 pt spread and when i point out the that was redicules , they said they had plenty of customers , so I am still looking

Click to expand...

Hi HB,

In Alpari (UK)'s MetaTrader4 five decimal place system, 10 points equal to 1 pip.

On a spread betting account, the minimum spreads on the GBPUSD are 2.5 pips, while the typical spread is 2.8 pips.

Other spreads below:
Spread Betting Product Specifications

We value each and every one of our clients.

Should you require any further information regarding our spread betting account, please feel free to contact us 07.00-22.00, Monday to Friday on +44 (0)20 7426 2900 or via email on [email protected]


Alex

________
Alexander Chadwick
Alpari (UK) Representative

alan5616 said:

It's good to see that Alpari are going to MT5. I wonder whether they are, also, going to change the way in which they treat their clients.

A friend and I opened two accounts with them. One Classic and the other Micro, with a view to opening a substantial Pro account. During the period that we had these accounts, we suffered "trade context busy" error codes, constant requotes and a 50 pip slippage on a perfect hedge trade. We closed both of these accounts within a couple of weeks, as we felt that we were being ripped off.

As a result of our experience of Alpari's business practise, the Pro account was opened elsewhere. Alpari, if you read this, do you think that conducting your business in this way, i.e trading against small sized accounts, is to your benefit in the long term? Since we closed our accounts with you, we have made trades in excess of £10 million with another broker. As the old saying goes, "penny wise - pound foolish"

Click to expand...

Hi Alan,

Thank you for your for post.

I’ll address each point in turn.

Trade Context Busy is not a server related error. It means that only one order can be placed at a time. The message usually appears when two or more expert advisors try to trade simultaneously. Only one order maybe accepted from any one expert advisor at a time. The second expert advisor will get the "trade context is busy” message. The same holds true with manual trading. Thereby appearing when you attempt to open another position with the preceding order for opening/closing/altering the position has not been executed.

Requotes have been around ever since markets were allowed to float and are a natural consequence of that. If you are trading with the momentum of the market, and therefore by definition in the direction of least liquidity, then requotes are an inescapable fact of life that everyone has to deal with, from the busiest InterBank desks to the smallest retail trader. The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all.

On the subject of slippage, 50 pips slippage does seem like a lot. We’ll be more than happy to investigate this for you. However, please do note the context. Should you have an open position over the weekend, then slippage may obliviously occur. There have been number of occasions where the slippage has also been in the client’s favour. The positive slippage subsequently credited to our client's trading accounts.

I’m rather sorry to hear that you decided from move on from us. However, do feel free to try out a demo of our new MT5 account.


Alex

________
Alexander Chadwick
Alpari (UK) Representative

Alpari UK said:

Hi Alan,

Thank you for your for post.

I’ll address each point in turn.

Trade Context Busy is not a server related error. It means that only one order can be placed at a time. The message usually appears when two or more expert advisors try to trade simultaneously. Only one order maybe accepted from any one expert advisor at a time. The second expert advisor will get the "trade context is busy” message. The same holds true with manual trading. Thereby appearing when you attempt to open another position with the preceding order for opening/closing/altering the position has not been executed.

Requotes have been around ever since markets were allowed to float and are a natural consequence of that. If you are trading with the momentum of the market, and therefore by definition in the direction of least liquidity, then requotes are an inescapable fact of life that everyone has to deal with, from the busiest InterBank desks to the smallest retail trader. The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all.

On the subject of slippage, 50 pips slippage does seem like a lot. We’ll be more than happy to investigate this for you. However, please do note the context. Should you have an open position over the weekend, then slippage may obliviously occur. There have been number of occasions where the slippage has also been in the client’s favour. The positive slippage subsequently credited to our client's trading accounts.

I’m rather sorry to hear that you decided from move on from us. However, do feel free to try out a demo of our new MT5 account.


Alex

________
Alexander Chadwick
Alpari (UK) Representative

Click to expand...

Alex,

I appreciate you taking the time to respond to my post but, trading with Alpari UK was a bad experience for both my partner and myself.

He traded a micro account, utilising just one EA. He experienced the "trade context busy" and "timed out" errors/alerts, constantly. I was trading a Classic account and was the one who suffered a 50 pip slippage. It wasn't over a weekend but, on release of financial data. From what I remember, it was UK GDP figures that were a little worse than expected. Did the spread of GBP/USD suddenly widen to 50 pips? No way.

Demo account users never get slipped or requoted. This only happens to your clients after they have a live account. Thanks for the offer of trialling MT5 with you. No thanks. Once bitten; twice shy.

alan5616 said:

Alex,

I appreciate you taking the time to respond to my post but, trading with Alpari UK was a bad experience for both my partner and myself.

He traded a micro account, utilising just one EA. He experienced the "trade context busy" and "timed out" errors/alerts, constantly. I was trading a Classic account and was the one who suffered a 50 pip slippage. It wasn't over a weekend but, on release of financial data. From what I remember, it was UK GDP figures that were a little worse than expected. Did the spread of GBP/USD suddenly widen to 50 pips? No way.

Demo account users never get slipped or requoted. This only happens to your clients after they have a live account. Thanks for the offer of trialling MT5 with you. No thanks. Once bitten; twice shy.

Click to expand...

during news the spread always widens and volatility can slip execution. it isn't the brokers fault and you shouldn't expect smooth sailing during data releases period.